Hancock Whitney Corp Sells 147 Shares of The Home Depot, Inc. (NYSE:HD)

Hancock Whitney Corp trimmed its position in shares of The Home Depot, Inc. (NYSE:HD) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 83,065 shares of the home improvement retailer’s stock after selling 147 shares during the quarter. Home Depot accounts for approximately 1.1% of Hancock Whitney Corp’s investment portfolio, making the stock its 16th largest holding. Hancock Whitney Corp’s holdings in Home Depot were worth $33,658,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HD. International Assets Investment Management LLC lifted its position in Home Depot by 51,250.1% during the 3rd quarter. International Assets Investment Management LLC now owns 8,779,833 shares of the home improvement retailer’s stock worth $35,575,880,000 after buying an additional 8,762,735 shares in the last quarter. Wulff Hansen & CO. lifted its position in shares of Home Depot by 33,540.9% during the second quarter. Wulff Hansen & CO. now owns 1,478,855 shares of the home improvement retailer’s stock worth $509,081,000 after purchasing an additional 1,474,459 shares in the last quarter. Swedbank AB bought a new stake in shares of Home Depot during the first quarter valued at approximately $301,364,000. Sarasin & Partners LLP increased its holdings in shares of Home Depot by 95.2% in the second quarter. Sarasin & Partners LLP now owns 1,139,934 shares of the home improvement retailer’s stock valued at $392,411,000 after purchasing an additional 556,053 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Home Depot by 79.4% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,172,647 shares of the home improvement retailer’s stock worth $403,672,000 after purchasing an additional 519,039 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Insider Buying and Selling at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares of the company’s stock, valued at $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the transaction, the executive vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $8,343,399.64. The trade was a 51.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 in the last quarter. 0.10% of the stock is currently owned by insiders.

Home Depot Stock Performance

Shares of Home Depot stock opened at $424.24 on Monday. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The firm has a market cap of $421.42 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 2.92 and a beta of 1.01. The Home Depot, Inc. has a one year low of $308.59 and a one year high of $424.24. The stock’s 50-day moving average is $403.23 and its 200-day moving average is $369.25.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, beating the consensus estimate of $3.64 by $0.14. The firm had revenue of $40.22 billion for the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.81 EPS. Equities analysts predict that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $2.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a yield of 2.12%. Home Depot’s dividend payout ratio is 61.14%.

Analysts Set New Price Targets

A number of research analysts have commented on HD shares. Barclays increased their price objective on Home Depot from $372.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI raised their price target on Home Depot from $420.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Guggenheim upped their target price on shares of Home Depot from $390.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Melius Research initiated coverage on shares of Home Depot in a research report on Monday, September 23rd. They set a “buy” rating and a $420.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $426.00.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.